| Hello, and welcome to this Wednesday's edition of the Insider Tech newsletter, where we break down the biggest news in tech.
This week: Jack Ma and AMD CEO Lisa Su are shooting for the moon 
Good news, there's water on the moon, and soon, there will even be WiFi on the moon. Netflix has a new animated movie out called "Over the Moon." And Elon Musk unlocked another multi-billion dollar tranche in his so-called moonshot award compensation package. Clearly, the moon is having a moment. Back on planet Earth, it's tech dealmakers that are shooting for the moon. Ant Group, the Chinese fintech giant controlled by Jack Ma, wants to raise $34.5 billion in the biggest IPO ever in a dual Hong Kong-Shanghai listing. AMD announced a $35 billion all-stock deal to acquire Xilinx, a maker of programmable chips. It's the second-largest semiconductor deal in history, behind Nvidia's planned $40 billion acquisition of ARM that was announced in September. - Timing wise, the deal presents an interesting contrast, coming just a week after Intel announced its plans to divest its NAND memory chip business.
- But don't read Intel's spinoff of NAND chips — a low margin, commodity business — as a sign of Intel and AMD moving in opposite directions. Intel is betting big on programmable chips too: It acquired Altera, the other big player in the market, five years ago for less than half the price AMD paid for Xilinx.
- FWIW: There's one notable player left in the programmable chips business: Lattice Semiconductor, a much smaller company that reported better-than-expected Q3 results on Tuesday.
As AMD CEO Lisa Su told the Wall Street Journal, the acquisition is about size."When you look at where the markets are going in the future, I think scale matters," she said. The deal could represent a transformative moment for AMD: After a lifetime of playing the role of a "second source" provider for the Intel x86 microprocessors used by PC makers, AMD now has a chance to level the playing field with its archrival in the critical data center market. Of course, at the center of the story is cloud computing, which continues to boom even amid a pandemic. Microsoft made that clear in its quarterly earnings this week, reporting that its commercial cloud business grew 31% to $15.2 billion. Next up: Super Thursday! That's when Apple, Amazon, Alphabet, Facebook, and Twitter will all give their Q3 report cards. We'll be covering all the action on the Business Insider site.
The DOJ wants to curtail Google's search dominance, arguing that Google's deal with Apple (among other things) has unfairly thwarted rival internet search engines like Microsoft's hapless Bing and the ever-plucky DuckDuckGo. But there's another search box that's giving Google a run for the money: Amazon's product search. As Eugene Kim reveals in his latest scoop, Amazon has big plans for its search bar, where roughly 60% of online shoppers begin their searches. According to internal documents obtained by Kim, Amazon expects its search bar to generate $8.8 billion in indirect sales this year thanks to a slew of enhancements including: - Autocomplete enhancements have been tested that bring up product images, or recommend Prime-eligible products.
- "Mission awareness search": If a user has searched for cameras in the past, Amazon's autocomplete will show results for Nikon when a user types the letter N into the search box.
- Augmented reality, such as a feature that allows users to search for a product by uploading a photo, is expected to be used for 10 million searches in 2020, compared to just 370,000 last year.
Of Quibi and Coinbase... Two of the most fascinating stories in tech recently involve the demise of Quibi, the video streaming app led by Jeffrey Katzenberg and Meg Whitman, and the ruckus at Coinbase, a high-flying cryptocurrency startup whose CEO compelled 5% of staff to head for the exits. We've got features on both of these to get you up to speed: Mobile content app Quibi, backed by $1.75 billion and some of Hollywood's top names, launched in April and died in October. 
Business Insider spoke with 11 Coinbase insiders who had direct dealings with CEO and cofounder Brian Armstrong to determine what it's like to work at Coinbase and for him. 
They say when you're a hammer that everything looks like a nail. The updated version may be, when you're a video game company everything looks like a console. Consider this refrigerator made by Microsoft, which looks like an oversized version of the company's new Xbox Series X game console. 
Microsoft made the fridge in response to all the comments pointing out the new Xbox console's resemblance to a fridge. Meanwhile, Atari is getting into the hotel game. The first Atari hotels are slated for Las Vegas and Phoenix. The artistic renderings released this month show a sleek, futuristic building whose design is somewhat reminiscent of a PlayStation 2 console. Maybe this hotel is a giant concrete-and-steel teaser to introduce Atari's first new gaming home console in decades. You heard it here first! 
Recommended Readings: Why Peter Thiel says that his portfolio startup Expanse — which exposes the 'guts of the internet' — is an 'indispensable technology' for enterprises Google's founders have vanished as the company goes to war with Washington. It's yet another mess for Sundar Pichai to clean up. Microsoft Windows head Panos Panay says that the decision to ship the Surface Duo smartphone on Android reflects the company's focus on flexibility in reaching customers
Not necessarily in tech: Yachting insiders detail the rampant sexual harassment aboard million-dollar ships, where crew members are promised a glamorous lifestyle and can instead find themselves trapped at sea with no one to turn to
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